Mortgages

Help for homeowners made redundant

Brown unveils mortgage rescue plan for homeowners

Homeowners facing the threat of repossession have been offered a helping hand from the government in the form of a £1bn scheme allowing mortgage interest payments to be deferred for two years.

London house prices look to level out

The worst of house price falls in London could be over, according to London estate agent, Marsh & Parsons.

Lloyds TSB confirm brand strategy for HBoS

Lloyds TSB has announced today (5 December) the main elements of its multi-brand banking strategy once the proposed acquisition of HBoS completes in January 2009.

Doubts emerge over govt mortgage guarantee scheme

The home guarantee scheme proposed by the government this week (3 December) aimed at limiting repossessions is unlikely to bring the housing market correction to an end, industry members have warned.

Britannia and Abbey pass on rate cut

Abbey has announced that it will pass on the full 1 per cent base rate cut to all of its variable rate mortgages, including all flexible deals, from the start of January.

IMLA hails mortgage lenders possession actions

Intermediary mortgage lenders are already being pro-active in helping borrowers in arrears through these tough times and in some cases have reduced monthly payments, says the Intermediary Mortgage Lenders Association (IMLA).

Clifford joins Virgin Money as MD

Rob Clifford, former chief executive of Mortgageforce, is to join Virgin Money UK as managing director.

FSA to overhaul liquidity requirements

The Financial Services Authority (FSA) has published a consultation paper proposing a far-reaching overhaul of liquidity requirements for banks, building societies and investment firms.

House Prices drop 2.6 per cent in November

House prices fell another 2.6 per cent in November, bringing house prices to £163,605 in line with July 2005 levels.

Clifford steps down from Mortgageforce

Rob Clifford stepped down from his position as chief executive of Mortgageforce yesterday (3 December), with Kevin Duffy taking over as managing director.

FSA warns lenders to keep it fair and simple

Mortgage lenders have been warned by the FSA that they must not make the terms of their tracker deals unfair as the base rate falls.

Feature

So long, sub-prime

The heady days of summer 2007 seem but a distant memory, but perhaps a more sensible approach to risk will benefit the market in the long run

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Feature

Mortgage spotlight - All change at the top

Mortgage lenders are in a state of flux as they look to merge and secure Government help. Laverne Hadaway picks out the emerging product trends

Feature

Tears for arrears

Even renters are getting into to fin ancial difficulty at the moment but there are ways for lenders to combat it

Feature

Peering behind the Rock

As the now nationalised Northern Rock turns its back on its old business model for raising funds it must find a way to build a standalone funding position


Is the time right for equity release?

Norwich Union is celebrating 10 years of offering equity release (Find out more).

Meanwhile, with house prices plummeting, should clients be signing up to equity release quickly to make the most of the equity in their home?

Click here to read our feature article


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